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West Texas Climbs to Highest Level in Week as OPEC Increases Demand Forecast
Feb. 12, 2013 01:17PM PST
Oil and Gas InvestingBloomberg reported that West Texas Intermediate futures rose to 0.5% in New York to one-week high as OPEC raised its demand forecast.
Bloomberg reported that West Texas Intermediate futures rose to 0.5% in New York to one-week high as OPEC raised its demand forecast.
As quoted in the market news:
Futures rose 0.5 percent after the Organization of Petroleum Exporting Countries said it will have to provide 29.8 million barrels a day in 2013, up 0.3 percent from a January estimate. The dollar fell against the euro on the G-7 statement.